Home Capital Results

Cedar Strategic swings to profitabiity in 3Q

Gwyneth Yeo
Gwyneth Yeo11/11/2016 07:42 PM GMT+08  • 2 min read
Cedar Strategic swings to profitabiity in 3Q
SINGAPORE (Nov 11): Cedar Strategic Holdings has reported earnings of RMB 2.5 million ($0.5 million) for 3Q16, a turnaround from the net losses of $2.6 million in 3Q15.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 11): Cedar Strategic Holdings has reported earnings of RMB 2.5 million ($0.5 million) for 3Q16, a turnaround from the net losses of $2.6 million in 3Q15.

The group recorded group revenue of RMB 47.7 million during the quarter to Sept, from the sale of property units in the Daya Bay project of RMB 45.2 million and the rental income from 399 units of holiday apartments of RMB 2.4 million.

Daya Bay was acquired in Nov 2015, and the group did not generate any revenue in 3QFY15.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now